Black Diamond Group Ltd T.BDI

IRROC

[pennydredful]

have   put  it  on   the  eligible for reduced  margin list  meaning  it   will  qualify  for  70%  margin  rather    than 50%  in a few   days.

[YoungH1isback]

What does that mean?

[pennydredful]

means   a margin account  holder  can  borrow  up  to  70%  of  market  value rather  than  50%  subject  to  individual  brokerage  house rules   that  overlay that,  if any.

[YoungH1isback]

Ah, okay. Thanks! Generally speaking, does greater borrowing power/increased margin mean that volumes may go up as it permits larger trades on margin?

[Norwood66]

I don't know whther there is individual brokerage rules, however, at RBC BDI was not marginable until it hit $3, and then it is only marginable at 25% of the value - as of today my margin overhead imcreased by 25% of BDI's value. I know that some of my more blue-chip companies are marginable to 75%, and there are others only at 50%. This might be based upon value/liquidity/credit of

[YoungH1isback]

Thanks for that breakdown! Much appreciated.